According to Amos Lugoloobi, agro-industrialization will be achieved through different strategic actions including developing Commodity Value Chains linking national, regional, district and sub-county level commodity off-takers to private nucleus farmers.
Government plans to collect 22.63 trillion Shillings with over 20.83 trillion coming from tax revenue in the coming financial year 2021/2022. This is to help finance the 44.77 trillion Shillings budget passed by parliament today, of which 38% is going for debt servicing.
The change is comprised in the 3.48 trillion additional budget that the Minister of Finance, Matia Kasaija today presented before Parliament’s Budget Committee. This additional budget increases the proposed National Budget from 41.29 trillion initially presented by the Minister last week to 44.77 trillion.
In the current 2020/2021 budget, the Works and Transport docket took the lion’s share with an allocation of 5.84 trillion Shillings, followed by Security with an allocation of 4.5 trillion Shillings. Agriculture and Tourism are among the least funded sectors.